Cryptocurrency Daily Discussion - July 20, 2021 (GMT+0) |
- Daily Discussion - July 20, 2021 (GMT+0)
- For those of you who bought near the ATH and are still holding during this crazy dip, kudus to you
- The Bull Run Ended in February 2021. What the whales DON'T want you to know.
- After I posted about 8 Out of 10 Cryptos promoted on r/CryptoMoonShots Crashed by more than 80%, I got a PM asking me to delete the Post and one from a 80% Crashed Crypto Developer
- As someone who’s held crypto for 6 years, I enjoy the bear market…
- We are not in a Bear Market.
- Once upon a time in a village, a man appeared and announced to the villagers that he would buy monkeys for $10 each...
- Bitcoin is below $30K again
- I'm tired of all these useless posts saying "it was predictable" but made AFTER something happened.
- Bitcoin price July 2013 - $66, December 2013 - $1163. July 2017 - $1830, December 2017 - $19700. This is standard bull cycle consolidation (Fibonacci Analysis)
- As someone who has, held crypto for like three months, I am not enjoying the bear market
- Someone just bought 100,000 ETH ~ $182 Million
- It’s funny. At 4K eth we all said wow I would yolo if it was at 1700. It’s now. Don’t wanna.
- Is it just me or do half the people in this sub sound like bots?
- A daughter shows her banker father....
- How To Transform an Entire Citys Payment System
- This on-going market crash is a true life changing gift for those new to crypto
- Bought the ATH with all the money I had.
- I get (partially) paid in BTC, here is my opinion after two months of getting paid.
- Crypto Ended A Friendship
- DCA, This is the way!
- I’m done debating with myself.. this is the hill I will die on
- Anyone wanna explain what’s going on right now?
- Bank of America will Allow "Selected Clients" to Trade Bitcoin. Who wants to Bet it will only be "Selected Millionaires" and not the average Guy?
- Cathie Wood Can't Get Enough Of Bitcoin, Adds Another $54M In Square, $14M In Coinbase
- Never financially recover
| Daily Discussion - July 20, 2021 (GMT+0) Posted: 19 Jul 2021 05:00 PM PDT Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating. Disclaimer:Though karma rules still apply, moderation is less stringent on this thread than on the rest of the sub. Therefore, consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here. Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams. Rules:
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| For those of you who bought near the ATH and are still holding during this crazy dip, kudus to you Posted: 19 Jul 2021 08:35 PM PDT The market is just bleeding like there is no tomorrow and those of you who are holding strong. You have my salute! You the real diamond hands! Especially to the newcomers who bought during the ATH. This is crypto, like a crazy roller coaster. To truly taste the gains you have to endure the pain that brings froth from dips like this. What I do during these dips are simple. I buy the dip, HODL, DCA and STAKE. This has made my journey less painful and hopefully, it will ease your bleeding portfolio too. Stay strong my fellow diamond hands! [link] [comments]  | ||
| The Bull Run Ended in February 2021. What the whales DON'T want you to know. Posted: 19 Jul 2021 10:18 PM PDT The bull run didn't end in May. And no, we didn't start going down because of Elon or China FUD. The truth is, the bears took control in February. When BTC was at $47K. Now, I know 2021 brought a lot of new people to Crypto. A lot of you guys don't know anything about technical analysis, so I'll break it down for you. There's an indicator traders like to use called the RSI or Relative Strength Index, which is used to track price momentum. The crucial bit of information is that the RSI for BTC was overbought in February and started to decline each month, despite the price continuing to rise. This is called bearish divergence, which occurs when prices goes up but our oscillator prints a lower high. Smart money knows about this, because that's what makes them smart. That's why when BTC went from $47K, to $57K and higher, they were taking profits on the way up. Smart money moved their profits into stable coin at the top. If they were really smart, they shorted down to $30K as well. The point is, that's how whales play the game. That's how they can buy the dip. It's why they have capital to deploy at $28K and below. Crypto is not broken. We don't need to come up theories like S2F or lengthening cycles. The warning signs were there in February. Anyone who doesn't understand that and is complaining how we didn't go to $200,000 this year was simply asking to get rekt. You won't hear this on YouTube or Twitter. Looking at most of the shitposts on this sub, I expect this analysis will get buried. I'm interested to see how well a genuinely informative post does. Let's see. Maybe this helps someone be smarter next time. Not FA, just TA. [link] [comments]  | ||
| Posted: 19 Jul 2021 08:43 PM PDT Yesterday I posted about how 8 out of 10 cryptos promoted on r/CryptoMoonShots in the past 20 or more days crashed by more than 80%. After I posted this a dev of a mentioned token sent me a PM asking me to edit my post and point out that their 90% crashed token would actually not be a scam, they at least admitted that they did some "mistakes". Another PM just said "delete the post" and thats it. The r/CryptoMoonShots Subreddit is only moderated by one kinda inactive person. Every post there gets upvote botted and awards bought by the people behind the crypto. Avoid the Subreddit, it is just shady scams. [link] [comments]  | ||
| As someone who’s held crypto for 6 years, I enjoy the bear market… Posted: 19 Jul 2021 09:55 AM PDT For real though. I've lived through more crypto crashes then I have presidents at this point, and one thing I always have to remember is that setting a floor is a good thing. Sure we all want BTC at $60k + USD and ETH at $4k + USD but what people never talk about is how every time we gain a new all time high, we set a new all time high floor. If you would have told me 5 years ago my BTC would sit comfortably around $30k USD I would have slapped your mom for raising such an optimist. Just remember folks, the corrections are healthy. We haven't shit the bed, just a minor shart. Throw them pants away and go buy yourself a new pair, next bull run will be nuts. Edit: YO THANK YOU ALL FOR THE AWARDS AND UPVOTES! Im not much of a poster more of a lurker. I will deff be posting more in this sub in the future just to keep interacting with all of you. [link] [comments]  | ||
| Posted: 19 Jul 2021 11:20 PM PDT
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| Posted: 19 Jul 2021 05:58 PM PDT The villagers, seeing that there were many monkeys around, went out to the forest and started catching them. The man bought thousands at $10 and as supply started to diminish, the villagers stopped their effort. He further announced that he would now buy at $20. This renewed the efforts of the villagers and they started catching monkeys again. Soon the supply diminished even further and people started going back to their farms. The offer increased to $25 each and the supply of monkeys became so little that it was an effort to even see a monkey, let alone catch it! The man now announced that he would buy monkeys at $50! However, since he had to go to the city on some business, his assistant would now buy on behalf of him. In the absence of the man, the assistant told the villagers; "Look at all these monkeys in the big cage that the man has collected. I will sell them to you at $35 and when the man returns from the city, you can sell them to him for $50 each." The villagers rounded up with all their savings and bought all the monkeys. They never saw the man nor his assistant, only monkeys everywhere! Now you have a better understanding of how the cryptocurrency market works. [link] [comments]  | ||
| Posted: 19 Jul 2021 08:28 PM PDT That's it folks, we're below $30K again. It was a nice ride. See you on the next bullrun! That also means that alts are going to bleed, at least for now. If you feel you might be suicidal, and live in the United States, I urge you to call the Suicide Hotline at 800-273-8255 or navigate to http://www.suicidepreventionlifeline.org/ for a live chat and additional resources. If it's not an emergency, but you want to know more about mental health, the National Alliance on Mental Illness (NAMI) offers information on their website https://www.nami.org/ and a free HELPLINE 800-950-6264. If you do not live in the United States please seek out local resources. Let others know if you need any other guidance to people who help. [link] [comments]  | ||
| I'm tired of all these useless posts saying "it was predictable" but made AFTER something happened. Posted: 19 Jul 2021 11:24 PM PDT Until few months ago we had hundreds of experts saying btc was going to 100k, 160k and even 400k, drawing useless lines one the price charts. Now the same people say everything was clear months ago, the bear market was easily predictable because you should check the IRS, the MAC and the F**K. Could you just shut up? All this data is easy to understand AFTER something happened. Everyone can look at the chart now and say that months ago prices were starting to go down, the problem is that it's impossible to know it before it happens. So the IRS showed that volume started to go down in February, so the bear market was predictable. Great, and how you could know on February what would happen in the next days? How could you know that the volume wouldn't grow in the next days? Even now, how could you know what will happen? Maybe next week Apple will buy 3 billions $ worth of BTC and price and volume will grow like crazy and we'll enter in a bull market, how your analysis will predict that? But even in that case, I'm sure we'll have dozens of posts of people saying you could just look at the charts and predict that it was going to happen. As always, after it happened. [link] [comments]  | ||
| Posted: 20 Jul 2021 12:29 AM PDT
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| As someone who has, held crypto for like three months, I am not enjoying the bear market Posted: 20 Jul 2021 12:03 AM PDT But since I don't actually need the money in a hurry, and having taken the early advice to only invest what I can actually afford to lose, I'm committed to waiting till it recovers. But gotta tell you, this has not been what I'd call fun. I feel bad for people who invested what they couldn't afford to lose. I'm sure a lot of long timers will look and shake their heads, but here we are. [link] [comments]  | ||
| Someone just bought 100,000 ETH ~ $182 Million Posted: 19 Jul 2021 01:59 PM PDT | ||
| It’s funny. At 4K eth we all said wow I would yolo if it was at 1700. It’s now. Don’t wanna. Posted: 20 Jul 2021 12:59 AM PDT It feels like yesterday, I was telling all my friends and family because the bull market was showing signs I've never seen. This was my fatal mistake. I would have killed to have the chance to purchase Ethereum at 1700, and look where we stand today, I am defeated and cannot Yolo into anything until my shit coins mature into something more valuable than my ass. [link] [comments]  | ||
| Is it just me or do half the people in this sub sound like bots? Posted: 19 Jul 2021 04:07 PM PDT Every post I see inviting people to talk about their favorite coins is just unreadable. The comments are filled with accounts shilling ADA, ALGO, or some other new popular thing. And the phrasing is usually a single sentence that sounds way too unnatural to be real. Like, smarmy almost. For instance, there's tons of 👀, lots of "I've been accumulating that coin/adding it to my bag for a while". Idk I just feel like nobody talks like this in real life or even in any other subreddits. And the incentives for bot accounts are very real, not just for swaying public opinion, but for moon farming. Idk, just my two cents. ETA: To all the bots in the comments getting offended about my mention of ADA and ALGO, I'm not saying they aren't good coins, just that they seem to be loved by bots [link] [comments]  | ||
| A daughter shows her banker father.... Posted: 19 Jul 2021 06:02 PM PDT A daughter shows her banker father her work on Bitcoin's lightning network to speed up transactions, in response he ask's her if she would like to hear his opinion on Bitcoin. She replies yes. "It's worthless" her father says "I know" She replies "But let's hear it anyway" [link] [comments]  | ||
| How To Transform an Entire Citys Payment System Posted: 20 Jul 2021 12:58 AM PDT
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| This on-going market crash is a true life changing gift for those new to crypto Posted: 20 Jul 2021 03:15 AM PDT Yes, I know I sound crazy, but please put down your pitchforks (aka modern era downvotes) and hear me out first. Make no mistake, we are in an on-going crypto winter. Bitcoin and ETH can easily fall another 50% from here. I've been trading in the markets for over 10 years now and I know how bad it feels emotionally and psychologically to watch your positions fall by 50%, 60%, 70%, 80% etc. But there is a huge silver lining here for those of you who can be patient. You are being given the chance to buy before the next bull run/btc halvening cycle, at soon to be rock bottom prices. Imagine you got in ADA in 2019 at 2 cents, and watched your portfolio rise as much as 120x to $2.40. This is the life-changing opportunity you will be given over the coming months as the bear market continues and culminates. You have two choices: as the market continues crashing you can either sell everything in a fit of panic and fear, maybe post up a suicide post or two here, curse crypto as a scam that you will never touch again... OR You can accept the fact you were late to this bull cycle (which you were), but also recognize the opportunity you are being given to get in early for the next bull cycle in a year or three, and make potentially life-changing gains. If you FOMOd into this past bull market, chances are you didn't put that much money in anyway, compared to what you will be able to put in during this on-going crypto winter. And even if you did YOLO everything, you will be able to accumulate more money in the months and maybe even year over which the crypto bear market is on-going, to put in your favourite coins. THAT is how most people made their fortunes in crypto. They held on and continued to buying at massively discounted prices during the 2018 -2020 bear market, and then watched their holdings increase by 20x, 30x, 100x, 1000x etc during this recent bull market. And you are about to be given the exact same opportunity now. Whether you choose to take it, or just keep crying over the crash, is up to you. [link] [comments]  | ||
| Bought the ATH with all the money I had. Posted: 20 Jul 2021 03:25 AM PDT I bought the ATH with all my money. Once at -50% I reallocated my whole portfolio into one crypto at its ATH only to see another -65% drop. This is not easy but Im still holding anyway. Im prepared for another -60% from here as hard as this is. The biggest issue I have is soon I will need to sell some as I have no cash on the side. Cant DCA and this is not looking good. Im trying hard to farm FIAT but even if I get paid triple the average wage in my country that still is less than 1% of my portfolio. This is disgusting. My only hope is for a cat bounce to ATH 🙄 [link] [comments]  | ||
| I get (partially) paid in BTC, here is my opinion after two months of getting paid. Posted: 19 Jul 2021 10:03 AM PDT So in the Netherlands you can work at a Pizza firm. Domino's Pizzas. They allow you to partially get paid in BTC. So i did this, and now my opinion, you may not like it. I didn't really like getting paid in BTC, and i told Them to stop the BTC payments and Just to give me euro's. Its not very profitable at all. First of all they use a really bad conversion rate, so you are getting not a lot of BTC. Its better to buy it with the money you have yourself. Second thing, the fees are bad and i had to Pay those fees. So i was getting even less BTC. So imo getting paid in crypto isnt worth it at all, BTC is ofcourse one of the worst to get paid in since theres coins with way lower fees. Also one thing, with the value of your salary that's going up and down like crazy its definitely not possible to get paid 100% in crypto since if it crashes you cannot cover your expenses. I liked to try this out, it was a fun experience but not a good one 😅. [link] [comments]  | ||
| Posted: 19 Jul 2021 04:40 PM PDT Flashback to 2018, I am buying ETH whenever I can as this is officially the bear market. I'm working jobs and putting most of my money towards it. My friend always asked me why I was saving my money and being "cheap", and I showed him ETH. He laughed in my face and told me I was crazy. I proceeded to buy for the next 2 years. Now it's July 2020, the bull run is heating up and I tell my friend to buy in. He laughs at me again, and told me that I was tripping and would lose my money. At the peak, my life was changed financially. He came up to me and asked me why the hell I didn't tell him about it… he yelled at me, called me names, and was outright jealous. He said I was lucky and I told him I wasn't lucky, just patient. He has always avoided me ever since. Lesson: You can give someone a plate and silverware, but you can't eat for them. [link] [comments]  | ||
| Posted: 19 Jul 2021 07:43 PM PDT Dollar. Cost. AVERAGE. This is the way gents. Don't know shit about fuck, but DCA is life. As always, love you all and good luck investing, be smart. Every comment gets an upvote for moon love. It's not much, but it's honest work. Edit: I'll make sure I get all the ones I miss if I fall asleep here soon. Your upvotes won't be forgotten! [link] [comments]  | ||
| I’m done debating with myself.. this is the hill I will die on Posted: 19 Jul 2021 03:29 PM PDT As someone in their early 20s with no debt and a comfortable job, side hustles, and emergency fund, I have been debating what my overall risk tolerance for crypto is. After spending years researching this market, I have gained so much knowledge and insight in the industry and learned from others, that it is hard for me to look anywhere else for investment opportunities in my 20s with this degree of confidence. I have concluded this is the hill I die on. 10k of my salary goes to retirement funds 5k to PMs and every single penny outside of that is dedicated to crypto currencies for the years to come. I have plans to live with my family the next 2-3 years until I'm atleast around 25 so lots of liquidity to focus on crypto and potentially change my life or go to zero. I've decided if it all went to zero I'm happy I took this one risk which is a once in a lifetime opportunity in my eyes. [link] [comments]  | ||
| Anyone wanna explain what’s going on right now? Posted: 19 Jul 2021 08:53 PM PDT I'm seeing BTC and ETH in a free fall. Hearing last time this happened that the actual market crashed (last year and 2008) Are the big banks are pulling out their crypto funds? Covering bad stock bets? How does this relate to our national debt if it does? AMC? GME? Is something big coming? Thoughts. [link] [comments]  | ||
| Posted: 19 Jul 2021 07:31 AM PDT
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| Cathie Wood Can't Get Enough Of Bitcoin, Adds Another $54M In Square, $14M In Coinbase Posted: 19 Jul 2021 05:32 PM PDT
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| Posted: 19 Jul 2021 07:34 PM PDT Welp looks like the bears have come to play. Just recently called back my old boss at McDonald's begging him to give me my job back after I had quit during the run up in May flicked him off and telling him "I'm rich and don't need this stupid job anymore". Just for the market to crash shortly after. Well back to flipping burgers. I'll see you guys next halving and if you come by the drive thru I'll throw some extra 🍟 in your order! Cheers [link] [comments]  |
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